Independence Gold Corp Stock Price on October 21, 2024
| IGO Stock | CAD 0.22 0.01 4.76% |
Below is the normalized historical share price chart for Independence Gold Corp extending back to December 29, 2011. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Independence Gold stands at 0.22, as last reported on the 28th of November, with the highest price reaching 0.23 and the lowest price hitting 0.22 during the day.
If you're considering investing in Independence Stock, it is important to understand the factors that can impact its price. At this stage we consider Independence Stock to be out of control. Independence Gold Corp holds Efficiency (Sharpe) Ratio of 0.0257, which attests that the entity had a 0.0257% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Independence Gold Corp, which you can use to evaluate the volatility of the firm. Please check out Independence Gold's Market Risk Adjusted Performance of (0.08), downside deviation of 6.33, and Risk Adjusted Performance of 0.0187 to validate if the risk estimate we provide is consistent with the expected return of 0.14%.
At this time, Independence Gold's Total Stockholder Equity is fairly stable compared to the past year. Common Stock Shares Outstanding is likely to climb to about 145.6 M in 2024, whereas Common Stock is likely to drop slightly above 40.6 M in 2024. . At this time, Independence Gold's Price Book Value Ratio is fairly stable compared to the past year. Price To Book Ratio is likely to climb to 4.69 in 2024, despite the fact that Price Earnings To Growth Ratio is likely to grow to (0.33). Independence Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 0.2207 | 50 Day MA 0.2377 | Beta 1.373 |
Independence |
Sharpe Ratio = 0.0257
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Estimated Market Risk
| 5.26 actual daily | 46 54% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Independence Gold is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Independence Gold by adding it to a well-diversified portfolio.
Price Book 8.1406 | Book Value 0.033 | Enterprise Value 44 M | Enterprise Value Ebitda (14.90) | Shares Float 147.4 M |
Independence Gold Valuation on October 21, 2024
It is possible to determine the worth of Independence Gold on a given historical date. On October 21, 2024 Independence was worth 0.26 at the beginning of the trading date compared to the closed value of 0.27. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Independence Gold stock. Still, in general, we apply an absolute valuation method to find Independence Gold's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Independence Gold where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Independence Gold's related companies.
| Open | High | Low | Close | Volume | |
| 0.22 | 0.25 | 0.22 | 0.24 | 341,744 | |
10/21/2024 | 0.26 | 0.29 | 0.26 | 0.27 | 706,415 |
| 0.27 | 0.29 | 0.27 | 0.28 | 718,159 |
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Independence Gold Trading Date Momentum on October 21, 2024
| On October 22 2024 Independence Gold Corp was traded for 0.28 at the closing time. The highest daily price throughout the period was 0.29 and the lowest price was 0.27 . The daily volume was 718.2 K. The net trading volume on 10/22/2024 added to the next day price increase. The trading delta at closing time to closing price of the next trading day was 3.70% . The trading delta at closing time to current closing price is 11.11% . |
Independence Gold Corp Fundamentals Correlations and Trends
By evaluating Independence Gold's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Independence Gold's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Independence financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Independence Gold Stock history
Independence Gold investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Independence is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Independence Gold Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Independence Gold stock prices may prove useful in developing a viable investing in Independence Gold
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 138.7 M | 145.6 M | |
| Net Loss | -2.1 M | -2.2 M |
Independence Gold Stock Technical Analysis
Independence Gold technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Independence Gold Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Independence Gold Corp cannot be verified against its exchange. Please verify the symbol is currently traded on TSX Venture Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Independence Gold November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Independence Gold stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Independence Gold shares will generate the highest return on investment. By undertsting and applying Independence Gold stock market strength indicators, traders can identify Independence Gold Corp entry and exit signals to maximize returns
Independence Gold Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Independence Gold's price direction in advance. Along with the technical and fundamental analysis of Independence Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Independence to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0187 | |||
| Jensen Alpha | 0.1368 | |||
| Total Risk Alpha | (0.74) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.09) |
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Additional Tools for Independence Stock Analysis
When running Independence Gold's price analysis, check to measure Independence Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Independence Gold is operating at the current time. Most of Independence Gold's value examination focuses on studying past and present price action to predict the probability of Independence Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independence Gold's price. Additionally, you may evaluate how the addition of Independence Gold to your portfolios can decrease your overall portfolio volatility.